Overview of the real estate prices in Tulum, Quintana Roo, Mexico

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CITY GUIDETULUM, MEXICO

Located in the southeastern part of Mexico, Tulumis the site of thefamous Mayan walled city and is close to the tourist locations of Riviera Maya and Cancun. There are approximately 18,200 people living within the 788 square miles of the city.

Tulum is home to one of the most well-preserved Maya sites with ruins dating back over 500 years. Rapid development has brought modern infrastructure and increased investment. From new homes to major international stores like Walmart, Tulum is becoming a major Mexican hotspot. Even the Wall Street Journal ranked Tulum as one of the top destinations for retirees.

There are no major colleges in Tulum but the closest higher education school is the Universidad de Quintana Roo located in Playa Del Carmen.

The Mayan culture and peaceful jungle adds to the laid back and bohemian lifestyle of Tulum. The holistic influence is prominent enough to warrant the development of a neighborhood called Holistika which embraces the health, wellness, peace and nature of Tulum.

You’ll find the world famous Tulum ruins and the Sian Ka’an Biosphere reserve located in the city.

Tulum has a tropical savannah climate with crisp blue Caribbean water to the east and jungle more inland. Temperatures tend to drop into the 60s and 70s in the evenings and reach the 80s and 90s during the day. June and July are the hottest months although by only a few degrees. The rainy/hurricane season runs from June until October. The wettest months are June, September and October with average monthly rainfall exceeding 6 inches.

Real estate and rentals are still affordable but development is increasing. There is a lot of interest in Tulum as more retirees and Mexican citizens look for affordable condos and homes overlooking the water or within the peaceful confines of the neighborhoods.

Tulum has seen substantial growth since 2000. Back then, there were no paved roads in Tulum. As Mexico continues to build the infrastructure of Tulum with roads, electricity and other amenities, the urban lifestyle of yoga classes, coffee shops and grocery stores are becoming the norm. Tulum refuses to give up its natural beauty which entices residents seeking tranquility.

Lifestyle and Culture

Perhaps the most significant cultural influence in the area is the Maya ruins. The expansive ruins within a walled area overlook the beautiful blue waters. Set amongst rolling hills, these ruins stand as a testament to the culture as well as Mexico’s desire to celebrate its origins.
Tulum hosts many festivals throughout the year includingDia de losMuertos and many local bars and restaurants are known for hosting their own celebrations.

Entertainment and Tourism

The Tulum ruins are the third most visited archeological site in Mexico with a constant stream of buses bringing tourists to the area every day. This well-preserved site features rolling hills and picture-worthy wildlife.
Tulum has a fun cocktail scene featuring drink concoctions in line with Mexico’s tequila and margarita fame. Batey, Casa Jaguar and Gitano are popular spots with well-known drink menus and the full moon party at the Papaya Playa Beach Club is a wild affair.

Districts & Neighborhoods

Tulum is broken up into three distinct areas: Tulum Ruins, Tulum Town and the Tulum Beach Strip. On top of these areas, two others, Aldea Zama and Holistika, are developing into up-and-coming neighborhoods.

Tulum Ruins

Although this is not an area where people live, the famous walled city of the Mayans is a major tourist destination and a testament to the Mayan influence.

Hotel Zone

Like many of the other Hotel Zone neighborhoods in resort cities, Tulum’s Hotel Zone is along a stretch of breathtaking beach and beautiful hotels. Specially-designed homes overlooking the Caribbean Sea gives Tulum a unique style.

Tulum Town

Tulum Town is a mini downtown area with restaurants, stores, small hotels and the amenities one would expect in a small town. Locals will take care of shopping in the destination about 3 miles from the beach.

Aldea Zama

This up-and-coming neighborhood is considered the new town center and offers an updated look and feel from the mini downtown area. Continued development will see condos, homes, commercial real estate and the prime retail space inspired by places like Playa Del Carmen.

Holistika

Also a newer neighborhood, the concept behind Holistka which is in the southern end of Tulum is to provide a location which emphasizes health, wellness, peace and nature. Residential and commercial property development is expected to rise in this more jungle-like Tulum location.

Real Estate Market

Development is expected to grow considerably in Tulum.With new developments in spots like Aldea Zama and Holistika, Tulum is on target to be one of the latest hot spots in Mexico for tourism, residential and commercial investment.
Along with homes and condos being built and sold, land is being purchased to accommodate outside investors, especially those willing to make a cash purchase.

Housing options are very affordable compared to other nearby cities such as Cancun and Playa Del Carmen, except when it comes to renting. The cost of renting in Tulum, remarkably,is higher than in Cancun and is about 25% higher than Mexico City.

As baby boomers are looking to retire in peaceful environments with affordable housing and beautiful weather, they are looking toward Tulum. Home prices are increasing with the new interest in Tulum and it is not unusual for the market price to double within two years.

Tulum is known to have a more bohemian and laid-back vibe and is increasingly becoming a destination of choice for everyone from retirees to vacation residents to full time residents. Along with all-inclusive hotels, Tulum is developing more high-end residential and shopping options in places like Aldea Zama and health and wellness focused spots amid the jungle areas in Holistika.

Price per Square Meter to Buy Apartment in City Centre: $1,202.00

Price per Square Meter to Buy Apartment Outside of Centre: $1,719.52

Home Style

Average Rent Price

1-bedroom apartment in City Centre

$365.05

1-bedroom apartment Outside of Centre

$480.80

3-bedroom apartment in City Centre

$935.93

3-bedroom apartment Outside of Centre

$1,255.42

Source: www.numbeo.com (March 2017)

Education

There are no colleges in Tulum but there are plenty to choose from for those seeking higher education in Quintana Roo. Universidad de Quintana Roo is located about an hour north in Playa Del Carmen. With the Maya ruins and Sian Ka’an Biosphere Reserve there is much research that takes place in Tulum.
Mexico’s Secretary of Public Education manages the education system throughout the country.
Public schools are free and funded by the government as long as your child has proof of their Mexican citizenship.Local private schools are generally the way foreigners choose to educate their children.